Investors in collapsed Woodford fund set for £100m payout November 30, 2020 Investors trapped in Neil Woodford’s collapsed flagship fund are set to share a payout of just under £100m by the end of the year. In a letter today fund administrator Link said it has raised a further £98m after selling off more parts of the portfolio’s assets. It said investors will be paid on or [...]
Ikea France on trial over illegal spying on employees and customers March 22, 2021 Ikea’s French subsidiary and several of its former executives have gone on trial over accusations that they illegally spied on employees and customers. Trade unions reported the furniture and home goods company to French authorities in 2012, accusing it of collecting personal data by fraudulent means and the illicit disclosure of personal information. The unions [...]
Salesforce ‘in talks’ to buy workplace chat app Slack November 26, 2020 Salesforce is said to be in talks to acquire workplace messaging platform Slack as it looks to expand its cloud offering to businesses. If discussions are successful, the takeover could be announced in the next few weeks, according to several media reports. Shares in Slack surged almost 40 per cent on the reports, pushing its [...]
Amazon earnings: What to expect amid a record-breaking tech boom February 1, 2021 Amazon enjoyed a stellar 2020, so all eyes will be on the ecommerce giant tomorrow night as it reports earnings for the final quarter of the year. Apple last week kicked off tech earnings season with bumper revenue of $111.4 (£81.5bn) — its best ever quarter, while Facebook also beat expectations. Amazon is also expected [...]
Bayer shares slip as drugs giant falls to €9.5bn loss August 4, 2020 German pharmaceutical giant Bayer saw its shares slip 3.6 per cent this morning after the firm reported a €9.5bn (£8.6bn) loss in the second quarter. The loss stemmed from a $10.9bn settlement of US lawsuits which claimed that its weedkiller product Roundup caused cancer. As of July, lawsuits from approximately 56,200 plaintiffs claiming to have [...]
Google AI unit reports huge losses December 17, 2020 DeepMind, Google's artificial intelligence unit, reported pre-tax losses of £460.9m in 2019.
First Woodford court battle could come this year October 26, 2020 The first of what could be many legal claims relating to the collapse of the Woodford Equity Income fund is expected to be launched by the end of the year, reports emerged today. London laywers Harcus Parker are co-ordinating a class action lawsuit and are believed to be ‘further down the track’ than rivals in [...]
Three arrested in Germany over $1bn jewel heist November 17, 2020 Police have arrested three people in Germany on suspicion of carrying out an audacious $1bn (£757m) jewel heist at a museum containing Europe’s largest treasure collection. Thieves broke into the Gruenes Gewoelbe — or Green Vault — museum in Dresden last November, escaping with at least three sets of 18th century jewellery, including diamonds and [...]
When will the fun and GameStop? February 3, 2021 Retail and day traders dealing in shares and other assets that Wall Street funds bet against may not be new; Wallstreetbets, the Reddit group at the centre of the story, itself has been in existence since 2012. However, with retail investors buying in such numbers as recently, the group has captured worldwide attention. Perhaps the [...]
Dragon Rider review – familiar animated family fun February 11, 2021 While most of the industry has scrambled to find a release strategy during the pandemic, animated family films have thrived thanks to captive audiences and a need for home-based entertainment. According to rating compiler Neilsen, Pixar’s Soul was the most watched content over the Christmas period, while films like Trolls World Tour and Scoob benefitted [...]